Stock Track | Cadeler AS Surges 6.31% in Pre-market Following Impressive Nine-Month Financial Results

Stock Track
Nov 20

Shares of Cadeler AS (CDLR) soared 6.31% in pre-market trading on Thursday, as investors reacted positively to the company's strong nine-month financial report. The offshore wind installation and services provider demonstrated substantial growth, significantly outperforming its previous year's results.

According to the latest financial disclosure, Cadeler reported a remarkable increase in its revenue for the first nine months of the year. The company's revenue surged to €453 million, nearly tripling from €163 million in the same period last year. Additionally, Cadeler's earnings per share (EPS) showed significant improvement, rising to €0.65 from €0.08 year-over-year, representing an eightfold increase.

The robust financial performance underscores Cadeler's strong position in the growing offshore wind installation market. As governments and corporations worldwide accelerate their transition to clean energy, companies like Cadeler are well-positioned to benefit from increased investments in offshore wind projects. The company maintains its 2025 revenue guidance in the range of €588 million to €628 million, further boosting investor confidence in its growth trajectory.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10